TORONTO, March 21, 2013 /PRNewswire/ --
Harry Winston Diamond Corporation (TSX:HW) (NYSE:HWD) (the
"Company") announced today that it has now received all required
regulatory approvals to the Company's proposed sale of its luxury
brand diamond jewelry and timepiece division, Harry Winston, Inc., to The Swatch Group Ltd.
(the "Transaction"). The Company now expects that closing of the
Transaction will occur on or about March 26,
2013. As previously announced, the Company will, in
connection with the closing of the Transaction, change its name to
Dominion Diamond Corporation.
Cautionary
Statement on Forward-Looking Information
This news release contains statements that constitute
"forward-looking statements" and/or "forward-looking information"
within the meaning of Canadian and United
States securities laws (the "forward-looking information")
relating to the proposed sale of the luxury brand diamond jewelry
and timepiece division of the Company. Such forward-looking
information is subject to important risks, uncertainties and
assumptions, including risks relating to the timing of, and ability
to satisfy, the remaining conditions to closing. The results or
events predicted in forward-looking information may differ
materially from actual results or events. As a result, readers are
cautioned not to place undue reliance on forward-looking
information, which speaks only as of the date of this disclosure,
and should not rely upon this information as of any other date.
While the Company may elect to, it is under no obligation and does
not undertake to, update or revise any forward-looking information,
whether as a result of new information, further events or otherwise
at any particular time, except as required by law. Additional
information concerning factors that may cause actual results to
materially differ from those in such forward-looking statements is
contained in the Company's filings with Canadian and United States securities regulatory
authorities and can be found
at http://www.sedar.com and http://www.sec.gov, respectively.
About Harry
Winston Diamond Corporation
Harry Winston Diamond Corporation is
a diamond enterprise with premium assets in the mining and
retailing segments of the diamond industry. The Company supplies
rough diamonds to the global market from its 40 percent ownership
interest in the Diavik Diamond Mine. The Company's luxury brand
segment is a premier diamond jeweler and luxury timepiece retailer
with salons in key locations, including New York, Paris, London, Beijing, Tokyo, Hong
Kong and Beverly Hills.
For more information, please
visit http://www.harrywinston.com or for investor
information, visit http://investor.harrywinston.com.
Contacts:
Mr. Richard Chetwode, Vice
President, Corporate Development,
+44(0)7720970762, rchetwode@harrywinston.com
Ms. Kelley Stamm, Manager,
Investor Relations,
+1-416-205-4380, kstamm@harrywinston.com
